In the morning news

David P. Sloane, director of government relations at AARP, the big lobby for older Americans, said increases in Medicare premiums were “eating away at the cost-of-living adjustment” made each year in Social Security checks.
As a result, Mr. Sloane said, “it is becoming more difficult for older Americans, especially those on fixed incomes, to afford their health care.”

Entrepreneurs have always tapped their cash reserves to start businesses. But boomers are discovering they have a crucial advantage over younger businesspeople: They can draw on decades’ worth of savings to fund their start-ups.